UNIVEST FINANCIAL Corp Sells 5,143 Shares of Airbnb, Inc. $ABNB

UNIVEST FINANCIAL Corp trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 20.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 20,217 shares of the company’s stock after selling 5,143 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Airbnb were worth $2,744,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. GCQ FUNDS MANAGEMENT PTY Ltd lifted its position in shares of Airbnb by 77.7% during the 4th quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 553,884 shares of the company’s stock valued at $75,173,000 after acquiring an additional 242,166 shares during the period. Oxbow Advisors LLC lifted its position in shares of Airbnb by 122.9% during the 4th quarter. Oxbow Advisors LLC now owns 50,414 shares of the company’s stock valued at $6,842,000 after acquiring an additional 27,793 shares during the period. NewEdge Wealth LLC lifted its position in shares of Airbnb by 3.7% during the 4th quarter. NewEdge Wealth LLC now owns 14,265 shares of the company’s stock valued at $1,936,000 after acquiring an additional 513 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Airbnb by 19.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 110,622 shares of the company’s stock valued at $15,014,000 after acquiring an additional 17,663 shares during the period. Finally, Ethic Inc. lifted its position in shares of Airbnb by 14.8% during the 4th quarter. Ethic Inc. now owns 46,854 shares of the company’s stock valued at $6,359,000 after acquiring an additional 6,029 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 24,788 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $145.86, for a total value of $3,615,577.68. Following the completion of the transaction, the insider directly owned 11,920 shares in the company, valued at approximately $1,738,651.20. This represents a 67.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 58,000 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $126.16, for a total value of $7,317,280.00. Following the completion of the transaction, the director owned 170,015 shares of the company’s stock, valued at $21,449,092.40. The trade was a 25.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 457,075 shares of company stock valued at $60,358,795 over the last quarter. 27.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ABNB. Benchmark upped their target price on Airbnb from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday. Citizens Jmp upped their target price on Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Friday. Raymond James Financial raised Airbnb from a “market perform” rating to a “strong-buy” rating in a report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a report on Monday, April 20th. Finally, Evercore reaffirmed an “outperform” rating on shares of Airbnb in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Airbnb presently has an average rating of “Moderate Buy” and a consensus target price of $157.04.

Airbnb Stock Performance

Shares of ABNB stock opened at $141.49 on Friday. The stock’s fifty day moving average price is $133.41 and its two-hundred day moving average price is $129.30. The company has a market cap of $86.13 billion, a PE ratio of 34.85, a P/E/G ratio of 1.72 and a beta of 1.20. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 30.71%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. On average, equities analysts predict that Airbnb, Inc. will post 4.97 EPS for the current fiscal year.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Citigroup, RBC, Citizens JMP, and Susquehanna all raised their price targets on Airbnb and maintained bullish or positive ratings, signaling Wall Street sees more upside after the latest earnings and guidance update. Analyst price target upgrades for Airbnb
• Positive Sentiment: Airbnb’s Q1 revenue came in above expectations and the company lifted its full-year sales outlook, reinforcing the view that travel demand remains healthy despite macro and geopolitical noise. Airbnb Raises Outlook, Citing Resilient Travel Demand
• Positive Sentiment: Management said AI is improving efficiency across the business, with Airbnb noting that AI now writes a large share of new code and may reshape job roles, which could support margins over time. Airbnb says AI now writes 60% of its new code
• Positive Sentiment: Several analysts reiterated buy or outperform views, and broker sentiment remains moderately bullish overall, which can help support the stock near current levels. Airbnb maintained at Buy by Citi
• Neutral Sentiment: Airbnb beat revenue estimates but missed earnings per share expectations, creating a mixed headline that limits enthusiasm even as top-line growth stays strong. Airbnb beats expectations for revenue and gross bookings value
• Neutral Sentiment: Comments about elevated cancellations in EMEA and Asia-Pacific due to the Middle East conflict add uncertainty, but they do not yet appear to be derailing demand overall. Airbnb tops revenue estimates, but Middle East cancellations rise due to Iran war
• Negative Sentiment: The company still missed profit estimates, which reminds investors that earnings leverage remains uneven despite solid revenue growth. Airbnb misses profit estimates despite revenue beat

Airbnb Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.